A deep pullback (=the price should not be there within a strong trend! Is it a stop hunt?)

A strong rejection of the pullback (=It was most probably only a stop hunt. Let's enter!)

The rules for a short trade are:

The thick blue and thick orange lines are strong below the price (strong downward trend indicated, more about the strength later)

At the same time there must be 2 thinner orange-red lines (they look like stairs) above the price (this confirms the price action within the trend)

The price then have to jump above the 2 thinner orange-red lines (or at least between them) and then must be rejected below the two thinner lines again. This forms a peak (an inverted V). The peak should consist of maximum 4 candles.

The entry signal is the move below the lower line of the 2 thinner orange-red lines.

At the same time there must be 2 thinner green lines (they look like stairs) below the price (this confirms the price action within the trend)

The price then have to jump below the 2 thinner green lines (or at least between them) and then must be rejected above the two thinner lines again. This forms a peak (a V). The peak should consist of maximum 3-4 candles.

The entry signal is the move above the upper line of the 2 thinner green lines.

Additional Edges:

You will have an additional edge if you only trade the FIRST signal within a trend! The third screenshot shows what I mean with FIRST signal.

You will a further additional edge if you trade only the signal in direction of an edge of the bigger timeframe. Screenshots 4, 5, 6 and 7 show what

Parameters

candlesCalculated: the number of candles for which the orange and blue lines are calculated. A lower value uses less computer ressources

distanceInnerLine: the distance between the lines which looks like stairs expressed in multiples of the ATR-indicator

showBand: True = Yes, False = No - if true, then the black band is shown. The band is normally not needed. During backtesting it can be usefull.

xxx: is used for internal calculation. Must be 0. Don't touch/change this value!

yyy: is used for internal calculation. Must be 0. Don't touch/change this value!

zzz: is used for internal calculation. Must be 0. Don't touch/change this value!